Summary
Lone Oak is an A-Class asset newly developed in 2020 and is comprised of 396 units. Residents are drawn in by the multitude of amenities Lone Oak has to offer along with the convenient location of the asset. Lone Oak Apartments is located in Weatherford, TX, which is only 30 minutes West from downtown Fort Worth. Weatherford currently has a population of 38,722 and its population has increased by 53.35% since 2010.
PROPERTY OVERVIEW
– 396 Units
– Purchase Price: $78.5MM
– Year of Construction: 2020
– Class A Property
BUSINESS PLAN
– Add amenities including firepits, barbeque grills & pergolas, and luxury pool cabanas.
– Increase other income fees for pets, garages, and covered parking.
– Continue to increase rents as the Weatherford market continues to grow.